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Afterpay vs zipPay

Find out whether Afterpay or zipPay is the right interest-free platform for you.

Buying now and paying later has gotten a lot easier with the arrival of interest-free finance platforms such as Afterpay, zipMoney, zipPay and Openpay. However, because there are a few platforms available it may be difficult to decide which is right for you.

If you're looking to purchase something interest-free or are just trying to decide whether interest-free finance is for you, we've compared two prominent platforms – Afterpay and zipPay – to help you narrow down your choices. Remember to consider all costs, features and the flexibility of each platform before you make your decision.

AfterpayzipPay
Interest-free period8 weeksFull repayment term
Repayment term8 weeks (fortnightly instalments)
  • 60 days fee-free
  • Repayment terms are ongoing with a $40 minimum payment required
Upfront and ongoing feesNone$5 monthly fee after the first 60 days
Late payment fees
  • $10 for failed automatic payments
  • $7 late fee if payment hasn't been made 7 days later
Your account may go into arrears if you continue to miss payments (one late payment will not do this)
Payment flexibility
  • You cannot change your payment schedule
  • You can change your payment frequency
  • You are just required to make the minimum $40 per month payment to keep your account in good standing
SignupCan be done instantly online or in-store at participating merchantsSign up online in seconds (subject to approval) using Facebook or PayPal or at a participating merchant
AvailabilityFull Afterpay store listFull zipPay store list
Eligibility
  • Over 18
  • Live in Australia
  • Can enter into a legally binding contract
  • Have a valid email and phone number
  • Use an Australian credit or debit card
  • An Australian resident
  • Over 18
  • Have a Facebook, PayPal or email account
Credit scoreAfterpay reserves the right to report negative activity to credit providerszipPay reserves the right to check your credit report and report any negative activity to a credit provider
MoreRead the full reviewRead the full review
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